Wednesday Evening Links

[CNBC] S&P 500 futures are little changed after ‘Mag 7’ titans Alphabet, Amazon report earnings: Live updates 

[CNBC] Brent oil tops $118 after Trump says he will blockade Iran until it agrees to a nuclear deal

[Yahoo/Bloomberg] Yen Falls Below 160 Per Dollar to Weakest Mark Since 2024

[Yahoo/Bloomberg] Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

[CNBC] Alphabet ups 2026 capex to as much as $190 billion, expects to ‘significantly increase’ in 2027

[CNBC] Meta’s Reality Labs lost over $4 billion in first quarter

[Axios] Powell to remain as Fed governor, denying Trump a key vacancy

[CNBC] Warsh hints at a new reading of the Fed’s power over swap lines amid UAE discussion

[Yahoo/Telegraph] UK borrowing costs hit highest since 1998

[Bloomberg] Powell Says He’ll Stay at Fed as Governor With ‘Low Profile’

[Bloomberg] The Fed Officials Who Dissented at Powell's Last Meeting as Chair

[Bloomberg] Bessent Says Powell Staying On Is ‘Violation’ of All Fed Norms

[Bloomberg] A Battle of the Drones Looms Between China and Taiwan

[Bloomberg] Brazil Central Bank Trims Interest Rate to 14.5% as Economy Slows and Inflation Firms

[NYT] Takeaways from Powell’s final Fed meeting as chair

[NYT] A.I. Spending Sets a Record, With No End in Sight

[WSJ] Powell to Remain on Fed Board, Citing Legal Pressure From Trump

[WSJ] Kevin Warsh Inherits a Fracturing Fed